Electronic Ceramics Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The electronic ceramic refer to ceramics that can be utilized in the electronics sector as an electrical or magnetic material to produce an electric charge whenever pressed or altered in size of an electric field. The materials for such specific applications are manufactured from specially formed compositions (which are not present in nature) and processed under tightly regulated conditions.

Sizing and Forecast
The electronic ceramics market size has grown strongly in recent years. It will grow from $11.43 billion in 2023 to $12.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to consumer electronics growth, telecommunications expansion, automotive electronics, medical device applications.

The electronic ceramics market size is expected to see strong growth in the next few years. It will grow to $15.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to 5g technology deployment, iot and sensor integration, electric vehicle (ev) expansion, advanced materials for 5g, emerging memory technologies. Major trends in the forecast period include technological advancements, iot sensor technologies, emerging memory technologies, bioceramics in medical devices, quantum computing

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Segmentation & Regional Insights
The electronic ceramics market covered in this report is segmented –

1) By Product Type: Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings
2) By Application: Capacitors, Data Storage Devices, Optoelectronic Devices, Actuators & Sensors, Power Distribution Devices
3) By End User: Electronics, Automobile, Medical, Aerospace & Defense

Asia-Pacific was the largest region in the electronic ceramics market in 2023 and is expected to be the fastest-growing region in the electronic ceramics market during the forecast period. The regions covered in the electronic ceramics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The rise in the automotive sector is expected to propel the electronic ceramic market. The automobile sector is one of the most important economic drivers, with a high level of involvement in global value chains. This sector’s expansion has been fueled by significant government support, which has allowed it to create a distinct route among manufacturing industries. This expansion increases the production of related auto components and electrical ceramics used in automobiles. For instance, In February 2022, An Indian auto components industry analysis published by India Brand Equity Foundation stated that the market for auto components in India increased by 25% from USD 4.1 billion (Rs. 31,116 crores) in 2020-21 to USD 5.3 billion (Rs. 38,895 crores) in the first half of 2021-22. Therefore, the demand for auto components will drive the market for the automotive sector, resulting in an increasing demand for electronic ceramics.

Key Industry Players
Major companies operating in the electronic ceramics market include Maruwa Co. Ltd., Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials plc, Murata Manufacturing Co. Ltd., CoorsTek Inc., Compagnie de Saint-Gobain SA, NGK Insulators Ltd., Nippon Carbide Industries Co. Inc., Noritake Co. Ltd., Aum Techno Ceramics, Advalue Technology LLC, Heraeus Holding GmbH, Ibiden Co. Ltd., KCM Corporation Co. Ltd., Kyocera Corporation, Tayca Corporation, Samsung Electro-Mechanics Co. Ltd., TDK Electronics AG, Ceradyne Inc., Niterra Co. Ltd., Rauschert Steinbach GmbH, Enrg Inc., Mantec Technical Ceramics Ltd., Corning Inc., Ferro Corporation, Taiyo Yuden Co. Ltd., KEMET Corporation, Yageo Corporation, Walsin Technology Corp, Chaozhou Three-Circle Co. Ltd.

The electronic ceramics market report table of contents includes:

1. Executive Summary

2. Electronic Ceramics Market Characteristics

3. Electronic Ceramics Market Trends And Strategies

4. Electronic Ceramics Market – Macro Economic Scenario

5. Global Electronic Ceramics Market Size and Growth
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31. Global Electronic Ceramics Market Competitive Benchmarking

32. Global Electronic Ceramics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Electronic Ceramics Market

34. Electronic Ceramics Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players: